Issue 18-80 Gross Domestic Product (GDP)

May 1, 2018

Canadian real GDP by industry at basic prices rose 0.4% in February, following a 0.1% drop in the previous month.

The goods-producing industries expanded 1.2% as mining and oil and gas extraction rebounded (+2.4%), reversing most of the prior month’s maintenance-driven decline. In addition, GDP in manufacturing (+1.0%), construction (+0.7) and agriculture, forestry, fishing & hunting (+0.5%) were all up in February while utilities (-0.9%) was down due to unseasonably warm weather in central and eastern Canada.

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